NACA in the News: Industry criticizes CFPB on enforcement

Release Date: 
March 11, 2016
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Law360: "Bankers and others in the industry have said the Consumer Financial Protection Bureau’s use of enforcement actions to influence market practices is unprecedented and potentially unfair, but the bureau’s tactic is an aggressive extension of the way other regulators use enforcement actions..." 

"[Firms] want to be able to engage in all the bad practices until there’s a rule? No. There’s a reason why Congress gave the agency enforcement authority, and they’re using it," said Christine Hines.